Huawei CEO Expects Slight Impact From U.S. Curbs, Nikkei Reports

Huawei Technologies Co. Chief Executive Officer and founder Ren Zhengfei said he expects U.S. restrictions won’t hurt the Chinese company’s growth much, Nikkei reported.

“Huawei’s growth may slow, but only slightly,” Ren told Japanese reporters at the telecommunications equipment maker’s headquarters in Shenzhen, China, according to Nikkei. It was his first media statement since President Donald Trump and the U.S. Commerce Department imposed restrictions on May 15. The closely held company’s revenue growth may fall short of 20%, Ren said.